Draw the Lorenz curve and explain what the gini coefficient and
robinhood index are. Explain differences between the two, and how
it is an effective index. Thoroughly explain each index. Also
discuss the Lorenz curve and its relation to the gini cofficient
index and the robinhood index.
give an intuitive explanation of how the Gini coefficient and
Lorenz curve is measured and what we can learn about income
inequality from it. (For example: What do the larger and smaller
values of this measure mean? Which parts of the income distribution
do this measure use?)
The COVID-19 crisis will certainly cause a fall of global
trade.
Explain what the Gini Index is and explain how do you expect the
Gini Index to evolve in 2 of the BRICS countries during the next 3
years. Present specific data to support your argument.
If two Lorenz curves cross each other explain why some other
measure (besides Gini) might rank inequality differently from Gini
ranking. Why does a crossing of the Lorenz curve cause this
ambiguity? (Hint: “ think outside the box”)
A Lorenz curve graphic shows
What the income distribution should be for maximum economic
benefit
what perfect inequality of the income distribution looks like
compared to perfect equality of the income distribution.
what equal and unequal distribution of income will look like in
the future.
what perfect equality of the income distribution looks like
compared to the actual income distribution.
The closer the income Lorenz curve is to the line of
equality,
A) the more equal is the income distribution.
B) the less equal is the income distribution.
C) the more unfair is the income distribution.
Most people will not pay privately for police services
because the
A) marginal social benefits are less than the marginal social
cost.
B) marginal private benefits are greater than the marginal
social cost.
C) marginal private benefits are less than the marginal private
cost....